The IRS - The Silent Party in the Employment Claim Settlement Agreement By: Shauna N. Correia and Alden J. ParkerEmployment Settlement Agreement • November 19th, 2013
Contract Type FiledNovember 19th, 2013Many of our employer clients and their in-house counsel recognize that most of the claims paid in an employment settlement are taxable income for the employee, and wisely require that at least some of the settlement payment to the employee be made in the form of a payroll check, with applicable withholding deducted. Employees, however, often want to minimize the portion of their settlement proceeds that is subject to withholding.